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Indian stainless steel tube and pipe makers want anti dumping duty- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
8/8/2017 管材展-鋼管展-steel tube expo-tube &pipe expo |
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Times Of India reported that with a surge in import of stainless steel pipes and tubes from China and Vietnam, domestic manufacturers fear it will disrupt local industry. In their first meeting held in Ahmedabad on Friday, SS Pipes and Tubes Manufacturers Association has sought imposing of anti-dumping duty, to protect domestic manufacturers. According to data provided by SSPTMA, imports of SS pipes and tubes stood at 10,994 tonnes from April to June 2016 and grew by 62% to 17,811 in April to June 2017.
Mr Ashish Sanghvi president of SSPTMA said that "This makes nearly half the consumption requirement of SS pipes and tubes in India. If this goes up further, it will be detrimental to the domestic manufacturing industry.”
Manufacturers are emphasizing on anti-dumping duty because Chinese and Vietnamese manufacturers are able to sell SS pipes and tubes at a lesser rate despite Indian counterparts due to lesser taxation and subsidies.
Mr Rajeev Garg assistant vice-president of Jindal Group said that "Vietnam and India have a Free Trade Agreement (FTA), which makes the basic customs duty (BCD) zero. This gives Vietnamese manufacturers a clear 10% margin over their Indian counterparts.”
He added that "Chinese manufacturers also have an advantage as the Chinese government gets 18.95% export subsidies on SS pipes and tubes exports to India, in addition to the incentives.”
Manufacturers have proposed anti-dumping duty of at least 20-25% in addition to the basic customs duty, so that local players get a level-playing field.
- The 19th China (Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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